S&K@WORK4U: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
S&K@WORK4U
Largest movements
- Receivables within one year -€30,976
down €30,976 (-34.7%), from €89,349 to €58,373
of which Trade receivables: -€27,952
- Cash +€25,757
up €25,757 (+33.4%), from €77,158 to €102,916
mainly Net result for the year (+€41,494) and Receivables within one year (+€30,976)
- Stocks and contracts -€12,000
down €12,000 (-50.0%), from €24,000 to €12,000
- Tangible fixed assets -€5,035
down €5,035 (-37.8%), from €13,310 to €8,275
of which Furniture and vehicles: -€4,212
- Profit (loss) carried forward -€18,506
down €18,506 (-12.1%), from €152,669 to €134,163
- Current portion of long-term debt -€3,815
down €3,815 (-74.7%), from €5,108 to €1,292
- Gross operating margin -€44,373
down €44,373 (-42.9%), from €103,353 to €58,980
- Taxes -€10,916
down €10,916 (-38.8%), from €28,113 to €17,197
- Financial income -€1,593
down €1,593 (-14.4%), from €11,028 to €9,435
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €206,989 | €184,859 | -€22,131 | -10.7% |
| Fixed assets | 21/28 | €14,030 | €8,995 | -€5,035 | -35.9% |
| Tangible fixed assets | 22/27 | €13,310 | €8,275 | -€5,035 | -37.8% |
| Plant, machinery and equipment | 23 | €1,715 | €892 | -€823 | -48.0% |
| Furniture and vehicles | 24 | €11,595 | €7,383 | -€4,212 | -36.3% |
| Financial fixed assets | 28 | €720 | €720 | = | 0.0% |
| Current assets | 29/58 | €192,959 | €175,863 | -€17,096 | -8.9% |
| Stocks and contracts in progress | 3 | €24,000 | €12,000 | -€12,000 | -50.0% |
| Stocks | 30/36 | €24,000 | €12,000 | -€12,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €89,349 | €58,373 | -€30,976 | -34.7% |
| Trade receivables | 40 | €32,169 | €4,217 | -€27,952 | -86.9% |
| Other amounts receivable | 41 | €57,180 | €54,157 | -€3,023 | -5.3% |
| Cash at bank and in hand | 54/58 | €77,158 | €102,916 | +€25,757 | +33.4% |
| Deferred charges and accrued income | 490/1 | €2,452 | €2,574 | +€123 | +5.0% |
| Total equity and liabilities | 10/49 | €206,989 | €184,859 | -€22,131 | -10.7% |
| Equity | 10/15 | €171,269 | €152,763 | -€18,506 | -10.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,669 | €134,163 | -€18,506 | -12.1% |
| Amounts payable | 17/49 | €35,720 | €32,095 | -€3,625 | -10.1% |
| Amounts payable after more than one year | 17 | €1,292 | - | -€1,292 | |
| Financial debts | 170/4 | €1,292 | - | -€1,292 | |
| Amounts payable within one year | 42/48 | €34,428 | €32,095 | -€2,332 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €5,108 | €1,292 | -€3,815 | -74.7% |
| Trade debts | 44 | €1,731 | €1,981 | +€250 | +14.5% |
| Suppliers | 440/4 | €1,731 | €1,981 | +€250 | +14.5% |
| Taxes, remuneration and social security | 45 | €27,589 | €28,822 | +€1,233 | +4.5% |
| Taxes | 450/3 | €27,589 | €28,822 | +€1,233 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,831 | €8,018 | +€188 | +2.4% |
| Other operating charges | 640/8 | €1,492 | €1,465 | -€27 | -1.8% |
| Non-recurring operating charges | 66A | €861 | - | -€861 | |
| Gross operating margin | 9900 | €103,353 | €58,980 | -€44,373 | -42.9% |
| Operating profit (loss) | 9901 | €93,169 | €49,497 | -€43,672 | -46.9% |
| Financial income | 75/76B | €11,028 | €9,435 | -€1,593 | -14.4% |
| Recurring financial income | 75 | €11,028 | €9,435 | -€1,593 | -14.4% |
| Financial charges | 65/66B | €390 | €240 | -€150 | -38.4% |
| Recurring financial charges | 65 | €390 | €240 | -€150 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €103,807 | €58,691 | -€45,115 | -43.5% |
| Income taxes | 67/77 | €28,113 | €17,197 | -€10,916 | -38.8% |
| Profit (loss) for the period | 9904 | €75,693 | €41,494 | -€34,199 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €75,693 | €41,494 | -€34,199 | -45.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.